Forex
The US Dollar remains pinned near monthly lows at 1.3930 on Friday, on track to a 0.2% weekly decline, following another 0.9% drop in the previous week, with all eyes on Canada’s employment figures and the US Personal Consumption Expenditures (PCE) Prices Index releases, due later today.Recent US em
Forex
USD/CAD is pressing into major support at the 200-day average and the base of its multi-month channel near 1.3920/1.3880, Société Générale's FX analysts note.
Commodities
Asian and European markets show mixed trading as investors await the crucial US PCE inflation report. Japanese stocks led Asian losses despite the regional index staying on track for a weekly gain. German factory orders beat expectations due to large transport equipment orders. The US dollar remains weak against major currencies, especially the yen, as rate cut expectations solidify.
Forex
EUR/USD resumes gains on Friday, trading at 1.1660 at the time of writing, after bouncing from the 1.1640 area on Thursday. Downside attempts remain limited with markets bracing for a quarter-point interest rate cut by the Federal Reserve next week.
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $59.36 per barrel, down from Thursday’s close at $59.48.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $63.08 after its previous daily close at $63.16.
Forex
The AUD/USD pair extends its winning streak for the eleventh trading day on Friday, rising to near 0.6620 during the early European trading session.
Forex
The USD/CHF pair loses momentum to around 0.8030 during the early European session on Friday.
Forex
The GBP/USD pair trades on a flat note near 1.3330 during the Asian trading hours on Friday. Traders prefer to wait on the sidelines ahead of the key US inflation report later on Friday.
Forex
The EUR/USD pair attracts some dip-buyers during the Asian session on Friday and recovers a part of the previous day's retracement slide from the 1.1680 region, or the highest level since October 17.
Commodities
Gold price (XAU/USD) trades on a flat note near $4,205 during the early Asian trading hours on Friday. Rising US Treasury yields and upbeat US jobs data cap upside for the precious metal. Traders might prefer to wait on the sidelines ahead of the key US inflation data.
